RIS Media

APRIL 18, 2022

Getting rid of the mortgage financing clause in their offer. Allowing the seller to rent back for a specified amount of time. Unless you have your financing in hand, you won’t be able to make an offer on the house. The requested closing date. Buyers are waiving a home inspection. This one is a biggie.

Pre-approval 116

Pre-approval Backup offer Due diligence Rent back 116

HomeLight

FEBRUARY 28, 2022

But having a lot of equity in your home doesn’t mean you have immediate access to it – you’ll typically have to sell your house and close on it before you can use that money as a down payment on a new home. The challenge used to be getting a buyer to agree to allowing the seller to stay in the home past the closing date. Transactions.

Equity 114

Equity Debt-to-income ratio Closing Loans 114

HomeLight

DECEMBER 15, 2022

Explaining why you want the house — you love the neighborhood, or it’s close to the grandparents — helps sellers visualize someone else living in their old home. There is a lot of uncertainty in real estate transactions, and buying with cash takes the financing contingency out of the equation. Consider the seller’s closing needs.

Inspection 85

Inspection Closing Rent back Agents 85

HomeLight

JANUARY 7, 2022

Your timeline: Do you have any flexibility around moving and closing dates? If your offer is accepted, your agent may also recommend a longer closing time, so you’re able to sell your home and use your equity for the down payment if possible. Enclave Team. Real Estate Agent. Enclave Team. Real Estate Agent at RE/MAX Results.

Equity 103

Equity Loans Debt-to-income ratio Closing 103

HomeLight

JULY 29, 2022

While you’re likely to sell your home quickly – possibly above asking, with few to no contingencies , and possibly a quick close – you may experience difficulty finding the next one. Financing is simple: You can use the cash from your sale as a sizeable down payment. Transition via rent back. Extend the closing period.

Debt-to-income ratio 106

Debt-to-income ratio Loans Rent back Equity 106

HomeLight

MARCH 31, 2022

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. Financing contingency: Even if you are preapproved for a mortgage loan, you may run into a problem getting a loan approved for a specific property. You generally see those in a normal market.”

Home sale contingency 77

Home sale contingency Sales Purchase and sale agreement Inspection contingency 77

HomeLight

JANUARY 4, 2022

According to a Q3 2021 study by ATTOM Data Solutions, all-cash home sales are at their highest level since the first quarter of 2015, with 34% of all single-family homes and condos purchased without financing. “In These people may offer close to full list price, since they aren’t trying to make a profit on the property,” he says.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

AUGUST 31, 2021

The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. The most obvious contingency with an offer that requires financing is, of course, the financing itself. There’s no financing contingency.

Due diligence 73

Due diligence Inspection Pre-approval Pre-qualification 73

The Close

FEBRUARY 6, 2024

The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. For example, many agents ask sellers to cover closing costs for their buyer clients.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

APRIL 21, 2022

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. If you accept it, your sale can close in as few as 10 days, often concluding with a moving date of your choosing. Kris & Heather Shook.

Inspection contingency 102

Inspection contingency Home sale contingency Pre-approval Agents 102

HomeLight

MARCH 20, 2023

Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. Appraisal Contingency: If the appraisal fails to meet or exceed the purchase price, the buyer can back out of the contract (or, more often, renegotiate the purchase price). Offer to pay the seller’s closing costs.

Home sale contingency 86

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 86

Hank Miller Team

FEBRUARY 27, 2022

Princes are conventional loans with as much down as possible Offer 3-4 in earnest money and deposit it within a day of contract Waive contingencies like inspection, appraisal, and financing Learn what is key to seller and try to accommodate them Keep things simple, no nonsense stipulations or asks This is the market right now (late 2/22).

Due diligence 52

Due diligence Rent back Inspection Agents 52

Windemere Selling

SEPTEMBER 1, 2021

Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in. Do I buy or sell first?

Purchase and sale agreement 52

Purchase and sale agreement Rent back Loans Agents 52

RIS Media

JULY 8, 2021

Agents can help buyers write the very best initial offer by contacting the listing agent to find out their preferred terms for closing dates and occupancy, rent backs if necessary, financing or cash options, so that they can put the best terms in their initial offer. Be relentless and resourceful.

Marketing 104

Marketing MLS Agents Rent back 104

HomeLight

MAY 24, 2021

Since sellers always want to choose the strongest offer possible, they want to feel confident the deal won’t fall through if the buyer can’t secure appropriate financing. If this is the case, you can offer a rent-back arrangement , allowing the seller to stay in the home as a renter for a specified timeframe after closing.

Pre-qualification 100

Pre-qualification Pre-approval Purchase and sale agreement Loans 100

HomeLight

AUGUST 16, 2022

Sellers aren’t always driven by the sales price alone — including a rent-back opportunity or a quick closing date could be the difference between a seller saying “no thanks” and choosing to take a closer look. Mortgage rates are affecting buyers, but I wouldn’t say that rates are keeping them from buying homes. Leanne Hester.

Mortgages 131

Mortgages Fixed-rate mortgage Agents Rent back 131

HomeLight

MARCH 28, 2022

Close in as little as 10 days. Otherwise, it’s possible that you would need to pay money at closing to settle up. Also known as a seller rent-back agreement or a holdover , this allows you to stay in your home for a designated period ?of Sellers have the ability to close in as little as 10 days. Request Offer.

Purchase and sale agreement 108

Purchase and sale agreement Equity Agents Staging 108

Redfin

MAY 7, 2021

Another option to consider is gap financing such as a Home Equity Line of Credit (HELOC) or a Bridge Loan. You can typically close within 10 to 60 days after accepting the iBuyer’s offer. Buyers are often willing to offer incentives to close the deal, and they might be more flexible on the timing.

Purchase and sale agreement 80

Purchase and sale agreement Marketing Equity Loans 80

HomeLight

JANUARY 28, 2022

Not only do they guarantee a cash sale, but they also extend a no-obligation offer and will close on the sale within 30 days. A cash offer from a fix-and-flip investor typically is more guaranteed to close. With a traditional home sale it can take months to list, sell, and close. Easy, smooth process. Thomas Taranto.

Purchase and sale agreement 104

Purchase and sale agreement Investor Agents Sales 104

HomeLight

OCTOBER 1, 2020

Are you able to offer the seller more time to stay in the home, or suggest a rent-back agreement? With a rent-back agreement , the seller stays in the home post-closing, giving them more time and giving you leverage.). Can you offer a rent-back agreement to the seller?

Purchase and sale agreement 83

Purchase and sale agreement Short sale Rent back Sales 83

HomeLight

MAY 24, 2022

If you’re planning to finance your next home, securing a lower mortgage rate now might save you money in the long run and make your house more affordable to potential buyers. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process. Sell Fast With an All-Cash Offer.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

SEPTEMBER 11, 2020

That means buyers who want to close a deal need to come prepared with their A-game when it comes to making an offer. Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? Decide where you can be flexible. No sales contingency?

Earnest money deposit 79

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 79

HomeLight

SEPTEMBER 23, 2021

Whether you’re waiting for a seller’s market to cool down or a buyer’s market to come to a close, you won’t be able to predict anything perfectly. When interest rates are lower , buyers are more inclined to purchase and finance a home. It depends on your priorities, of course.

Rent back 76

Rent back Home sale contingency Agents Sales 76

HomeLight

APRIL 29, 2021

The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Federal Housing Financing Agency (FHFA). For example, in 2017, a competitive housing market in Western Washington prompted “serious buyers” to waive home inspections and financing contingencies.

Marketing 107

Marketing Sales Agents Construction 107

HomeLight

FEBRUARY 28, 2021

What if you could live in a Norman Rockwell painting, a slice of Americana closely tied to our nation’s capital? To help you close the deal on a home that fits your budget and lifestyle, we’ve put together this comprehensive guide with expert advice and insights from area real estate professionals. Others are leaving Washington, D.C.,

Earnest money deposit 91

Earnest money deposit Land Residential Inspection contingency 91

Redfin

FEBRUARY 2, 2021

If you don’t have to use a lender, there’s no financing contingency, which shows the sellers that you will most likely not pull out of the deal due to financial issues. A rent-back agreement is a great option for buyers to purchase the home and then rent it back to the seller to give them time to find a new place to live.

Pre-approval 66

Pre-approval Purchase and sale agreement Marketing Inspection contingency 66

HomeLight

DECEMBER 14, 2021

How many sales did they close in the last few months? If you email that agent to set up any sort of time or call them and they don’t answer or email you back promptly, it tells you how your sale is going to go. It could be the close date, repairs, or a rent back period. Do they have sales or listings pending?

Pre-qualification 98

Pre-qualification Earnest money deposit Agents Days on market 98

HomeLight

APRIL 19, 2021

Being able to afford a home in this swanky NYC borough means enjoying unparalleled access to the world’s preeminent nexus of culture, cuisine, architecture, and finance. Closing costs can range from 2.5% If you’re ready to buy a house in Manhattan, congratulations! million in condos.

Earnest money deposit 60

Earnest money deposit Inspection Due diligence Agents 60

HomeLight

DECEMBER 14, 2021

How many sales did they close in the last few months? If you email that agent to set up any sort of time or call them and they don’t answer or email you back promptly, it tells you how your sale is going to go. It could be the close date, repairs, or a rent back period. Do they have sales or listings pending?

Earnest money deposit 89

Earnest money deposit Agents Days on market Sales 89

HomeLight

MARCH 31, 2021

Let’s take a look at some factors that may contribute to an inventory shortage: An insufficient supply of new builds to close the gap: When builders aren’t keeping up with buyer demand, the result intensifies a housing imbalance. Consider negotiating a rent back when you sell to give you extra time to find your new home.

Marketing 81

Marketing Banks Land Sales 81